Be careful!
It has been a roller coaster ride this week. Things are moving very fast, up and down, in and out like a roller coaster gone mad. Very difficult to stomach emotionally, so was a quite down but I am glad the week has ended.
I paid an extremely high price for it, as much as I am unwilling to foot it but the price is not determined by me, so I have to accept the fact. Just want to stress to people who are reading this. NEVER EVER let your emotions get the better of you. Zidane head-butting incident is like mine. If you let emotions rule your actions, even for a split second, the consequences can be very huge. So huge you may not be able to accept it. I really regretted my actions but what is done is done. So for readers out there, please please don't let your emotions get the better of you and always remember to seek the whole truth and not from one angle only. This is one major point I want to make in this blog.
I was quite down this Saturday morning until I come across this article in Straits Times talking abt some group of Singaporeans who although are earning lower middle level income (abt $2k) but are having huge problems making ends meet. Reading through the article. It makes me think that my problem right now, compared to them is like comparing sesame seed to a watermelon. I feel I should make people realise what happen so that such cases would be reduced.
This group of people are not able to obtain much govt subsidies compared to low level income grp but could not meet the rising costs of living like those of the well off. I notice that they are mostly saddled by two costs that are considered the main and highest costs to most Singaporeans, and they are housing and medical costs. The third most highest costs for this grp of families is tertiary education costs.
Now, in my opinion, these costs could have been avoided because actually most of these costs can actually be predicted when it will come up. Housing costs can be predicted and affordable with proper financial planning. Most people bought larger flats for capital appreciation, but I would urge readers not to think of that. The time when housing is a sure bet has long pass, the baby boomers have more or less settled in their ideal flats. When buying housing, please do not maxed out the sum of money you can afford because you have to take note of rising interest rates (assuming most people got in when the interest rate is low.)
Some part of medical costs can be offsetted by proper purchase of insurance, again financial planning prudence is required. Do not overlapped the coverage and try to cover all possible scenarios like handicapped, hostpitalisation, surgery and so on. Another way to offset more of the medical costs, START taking care of your health!!! Your health requires MAINTENANCE, not repair. Once your health is damaged, it is extremely difficult to get back to the pre health challenge condition. Start taking good care of your health, so that your body has a better resistance agst illnesses.
Tertiary costs, there is no way we can stop the rising tertiary education costs. But with proper savings plan offered by insurance companies and if you start as early. You can, using the magic of compound interest, offset most of the costs. Again financial prudence and planning is required.
If you have noticed, these three costs can be avoided much by having financial prudence. So the second major point of this blog is, I strongly urge readers to start learning how to plan your finances NOW. Health and wealth requires long term care and planning so start doing NOW.
I can understand that we need instant gratification to enjoy life but please make a bit of sacrifice for a better future.
Cheers!
I paid an extremely high price for it, as much as I am unwilling to foot it but the price is not determined by me, so I have to accept the fact. Just want to stress to people who are reading this. NEVER EVER let your emotions get the better of you. Zidane head-butting incident is like mine. If you let emotions rule your actions, even for a split second, the consequences can be very huge. So huge you may not be able to accept it. I really regretted my actions but what is done is done. So for readers out there, please please don't let your emotions get the better of you and always remember to seek the whole truth and not from one angle only. This is one major point I want to make in this blog.
I was quite down this Saturday morning until I come across this article in Straits Times talking abt some group of Singaporeans who although are earning lower middle level income (abt $2k) but are having huge problems making ends meet. Reading through the article. It makes me think that my problem right now, compared to them is like comparing sesame seed to a watermelon. I feel I should make people realise what happen so that such cases would be reduced.
This group of people are not able to obtain much govt subsidies compared to low level income grp but could not meet the rising costs of living like those of the well off. I notice that they are mostly saddled by two costs that are considered the main and highest costs to most Singaporeans, and they are housing and medical costs. The third most highest costs for this grp of families is tertiary education costs.
Now, in my opinion, these costs could have been avoided because actually most of these costs can actually be predicted when it will come up. Housing costs can be predicted and affordable with proper financial planning. Most people bought larger flats for capital appreciation, but I would urge readers not to think of that. The time when housing is a sure bet has long pass, the baby boomers have more or less settled in their ideal flats. When buying housing, please do not maxed out the sum of money you can afford because you have to take note of rising interest rates (assuming most people got in when the interest rate is low.)
Some part of medical costs can be offsetted by proper purchase of insurance, again financial planning prudence is required. Do not overlapped the coverage and try to cover all possible scenarios like handicapped, hostpitalisation, surgery and so on. Another way to offset more of the medical costs, START taking care of your health!!! Your health requires MAINTENANCE, not repair. Once your health is damaged, it is extremely difficult to get back to the pre health challenge condition. Start taking good care of your health, so that your body has a better resistance agst illnesses.
Tertiary costs, there is no way we can stop the rising tertiary education costs. But with proper savings plan offered by insurance companies and if you start as early. You can, using the magic of compound interest, offset most of the costs. Again financial prudence and planning is required.
If you have noticed, these three costs can be avoided much by having financial prudence. So the second major point of this blog is, I strongly urge readers to start learning how to plan your finances NOW. Health and wealth requires long term care and planning so start doing NOW.
I can understand that we need instant gratification to enjoy life but please make a bit of sacrifice for a better future.
Cheers!
posted by Strategist at 9:25 AM
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